TIM eMagazine Issue 1 | Page 18

News The new rates, The purpose however, will be of the reduction applicable only for is to incentivize six months wherein ICTSI since the the discount for port operator is the succeeding the one to shoulder six months will the cost in moving be reduced to 50 out all overstaying percent for both cargoes at the Port or from USD0.081 of Manila. GRT per day to The vessel will USD0.040 per GRT ship out about per day and from 6,000 containers USD0.039 per GRT out of the Manila to USD0.020 per ports to the Subic GRT per day. ports. The new rates took effect at the start ICTSI is chartering a vessel with a of this month. capacity of about 1,300 twenty-foot “This is a big boost in our bid to equivalent units (TEUs) with a GRT of The purpose of increase utilization of the Batangas 18,3 #F